Bitcoin Casinos In New Zealand
Are you looking for a discreet way of conducting gambling payments that would require zero fees and give you the ability to top-up New Zealand gambling websites completely electronically? If anonymity is your primary concern, using Bitcoin for making deposits in online casinos is probably the best way to pay.
The only problem with using this payment method is that not every casino out there accepts Bitcoin. It takes time and money to adjust the payment systems of a casino to accepting and sending BTC payments, so very few casinos bother.
However, here at OnlineCasinoGuide, we provide you with the list of the best Bitcoin casino sites you can find in New Zealand. All of them are checked by industry experts and deserve your trust.
Check casino reviews if you want to get straight to gambling or read this article to get more information on making payments and receiving withdrawals with Bitcoin as well as look at a list of the best BTC casinos in NZ.
Best Casinos that Accept Bitcoin in New Zealand
How to use Bitcoin at Online Casinos?
Bitcoin is an easy payment system to use but only if you know how it works. It does take a bit of reading to figure out how exactly does it work. If you’ve never heard about the payment system, this is the first step you need to take.
Read up on how Bitcoin works on the official website before starting to work with it. Here’s a brief overview of how it works and how to make a deposit in a casino with BTC.
The first thing you need to do is to get yourself a BTC wallet. It’s nothing like an e-wallet like Skrill or Neteller. A Bitcoin wallet is an app that stores your keys that allow you to access the Bitcoins you own. If you lose the hash key to the Bitcoin, you effectively don’t own them anymore.
This is why it is important to choose a secure wallet and create a strong password that you will not forget. When you enter the password, the wallet uses special hash keys to access your Bitcoin. Technically, they’re not stored in the wallet, they’re stored in nodes that are accessed with hash keys. The wallet only stores these keys.
Now that you have a safe and secure way of accessing BTC, it’s time to buy some Bitcoin. You can do it on exchanges online and use virtually any currency or payment method you can think of to get them. Since BTC is a decentralized payment system, you’re not paying any fees to some official Bitcoin authority (there isn’t one) but you will pay a fee to a private seller. The fee is negligible in most cases.
Once you provide a BTC address to the seller and receive your BTC on the said address, you can use them however you wish. Go to the casino page, create an account, go to the deposits page, and choose BTC as the payment option.
It most casinos, you will get a Bitcoin address to send funds to. Log into your wallet and send the correct sum to the address. Make sure you check the exchange rate when you make the deposit because the rate may change.
The transaction fee for the transaction can change because it’s calculated based on the amount of data being sent, not based on monetary value. The price is 0.0000008 BTC per byte of data, which makes it about 0.0001 – 0.0003 BTC per average transaction. To make it clearer, you’ll pay $1-$3 depending on the exchange rate and each individual transaction size.
When you’ve sent your money, you’ll see them on the casino account shortly. This is one of the least convenient aspects of using Bitcoin, as it may take anywhere from 9 to 12 minutes for a transaction to be confirmed. This is the price you pay for anonymity and security.
When you need to make a withdrawal, you need to give the casino a valid BTC address that you have access to and state the amount of money you want to receive. Provided there’s still enough money on the casino account and you met the withdrawal requirements already, you’ll receive a payout soon.
The last point is you should consider using a new BTC address every time if you want to stay really anonymous. Otherwise, the transactions will be easily traceable since everybody can look up transaction logs.
Many Bitcoin casinos in New Zealand have a rather low minimum deposit. In some casinos, it’s 0.0001 BTC, in others, it’s 0.0005 BTC. This is considerably lower than with most other payment methods as this is equivalent to NZ$1.5 – NZ$8. In most casinos, the lowest you can go is NZ$10, with most places asking for NZ$20-NZ$25 at least.
However, it may not be the best idea to go with the lowest possible sum. The thing is, you will have to pay a fee that may be just as big as the lowest deposit, and that sort of defeats the purpose. Go a bit above the minimum deposit sum of 0.0001 BTC to make it more profitable.
No New Zealand casinos that accept Bitcoin transactions require a fee to deposit at the website. However, you do need to pay a processing fee to a node in the network.
The way BTC transactions work is decentralized. There’s a person who can be on the other side of the world running a node on their hardware. This node calculates a BTC transaction and receives a small payment for that.
So your small fee of 0.0001 BTC helps run the BTC network by paying people who participate in it.
Safety of Bitcoin transactions
Bitcoin is one of the safest payment methods at a casino but only if you use it right. If you use the same BTC address every time, anybody can trace it back to you, so you essentially lose anonymity.
If you forget the password to your BTC wallet, you basically no longer own the BTC on your account. You only own the funds if you have access to hash keys for those addresses. If you lose them or get your wallet compromised, you no longer own them.
However, if you create a strong password to the wallet and change BTC addresses frequently, Bitcoin is more secure than any other option on the market.
What countries allow Bitcoin gambling transactions?
The beauty of Bitcoin is that it’s currently in a grey area when it comes to regulation. Some countries feel more positive towards it, some feel more negative, but no countries are able to restrict BTC transactions in any way.
This means you can use Bitcoin anywhere as long as you have a way of buying or mining it. As for New Zealand, the country recently greenlit using it as a way to pay taxable salary so your winnings will be completely legal.
What countries restrict Bitcoin use?
Some countries like Afghanistan, Bolivia, Vietnam, Qatar, Bangladesh, and several others imposed bans on using Bitcoin. Others, like China, India, Ecuador, and Morocco restrict BTC use and crypto exchange platforms.
The truth is, these bans are only on paper, no country or organization in the world has the power to completely ban Bitcoin, only make it harder for locals to host BTC nodes and mine it. So technically, you can still use it in those countries, albeit more carefully than in the rest of the world.
In NZ Bitcoin casinos, you don’t have anything to worry about. The government is extremely lenient towards crypto.
Pros of using Bitcoin in NZ casinos
Bitcoin is by far the most anonymous payment method you can use at an online casino. If you change BTC addresses frequently and do everything by the book, you will not be tied to the transactions, ever.
That may be a bit of an overkill for most players, but if anonymity is what you’re looking for, this is one of the best methods.
The same goes for the security of BTC transactions. While everybody can see a log of transactions, they’re not personalized, and cannot be interrupted. No one can steal your BTC unless they have access to your wallet. If you create a strong password and don’t get it compromised, no level of hacking will be able to deprive you of your hard-earned — or luckily won — crypto.
Low transaction fees
With regular ways of making a deposit, the fee depends on the amount of money you transfer. With Bitcoin, however, the fee depends on the size of the data package you transfer, not on the number of BTC. With the average transaction size being around 300-500 bytes, the fee ranges from 0.0001 BTC to 0.0003 BTC, $2 to $6 in New Zealand dollars.
The fee is negligible, especially if you’re transferring larger amounts. In fact, if you make really big payments starting from 0.01 BTC, the fee may be waived entirely.
Since BTC is a cryptocurrency in and of itself, you can use it at any casino, whether it is situated in New Zealand or internationally. You’ll be betting in BTC no matter what so you don’t have to pay large conversion fees.
This opens a lot of doors for you that were closed before.
Cons of using Bitcoin in NZ casinos
Hard to get into
Bitcoin is a decentralized system, which means it’s anonymous, secure, and doesn’t depend on a centralized authority. However, there’s a downside to that. Since it is decentralized, it works thanks to an army of people who run BTC nodes on their hardware and receive processing fees for that. There is no central authority that promotes Bitcoin and explains how to use it.
This means you will need to do some reading before you use BTC and make sure you understand how to use it correctly. With an e-wallet or a credit card, you don’t have to learn anything as you already know how to operate it.
However, this is a small price to pay for what BTC offers in return.
Not featured in many casinos
As it was mentioned above, Bitcoin is a handy payment method but it’s not the most widespread one. It takes time and money to adapt and start receiving BTC payments, and many casinos just aren’t willing to do that if they can go by using regular methods.
This is why there aren’t as many BTC casinos in New Zealand or in other parts of the world for that matter. But don’t worry, you won’t have to spend hours looking for the best BTC online casinos.
OnlineCasinoGuide experts have gathered dozens of casinos that accept BTC payments. Read the reviews and choose the one that you feel will be the best for you.
Best 5 New Zealand Casinos To Use Bitcoin
One of the biggest problems of using Bitcoin at NZ online casinos is that you can’t enter any casino website and make a BTC deposit. Not that many casinos accept Bitcoin deposits. However, you do not need to spend your precious time looking for the best BTC casinos in New Zealand. OnlineCasinoGuide experts have gathered a comprehensive list of casinos that fit your choice. Feel free to refer to the list on this page or the list of casinos above.
BitStarz has been on the online gambling market since 2014 and has gathered quite an audience over these six years. It’s no wonder why this happened since the casino has over 1600 games on the platform. These casino games include pokies from some of the most respected and provably fair game developers like Yggdrasil, NetEnt, Microgaming, NextGen Gaming, and others. You also can play an assortment of live casino games and table games.
If you deposit with any other payment method, you will receive up to $500 in bonus money. If you deposit with Bitcoin, however, you may receive up to — wait for it — 5 BTC.
Bitcasino.io promotes itself as the official Bitcoin gambling website. While it’s far from being the only one, it certainly does provide quite a good experience. It features over 2000 games from all sorts of developers including the largest ones like NetEnt, Microgaming, and Play’N’GO. The list includes live casino games and you can easily play at this casino from a mobile platform.
The maximum bonus is 1 BTC, which is quite a generous offer considering how much that is in NZ dollars.
The main schtick of Fastpay casino is, you guessed it, fast payouts. In this casino, you can receive a payout on the same day that you request it and you won’t have to wait for the whole week for the claim to be processed. A pleasant bonus is that you can pay for the gambling in Bitcoin, Ethereum, and a couple of other cryptos. The downside is that you don’t get a huge maximum bonus payout cap, it’s the equivalent of $100, no matter what crypto you choose.
If you can live with that, you will be able to enjoy over 3000 casino games from dozens of developers like Microgaming, NetEnt, and others.
Playamo is one of the most reliable casinos you can play with Bitcoin. It’s one of those casinos that started out as regular casinos but were soon to upgrade to conduct transactions in Bitcoin. This makes your life as a Bitcoin gambler easier, even though you will not get a 1 BTC bonus payout. It’s capped at $1,500 equivalent in Bitcoin.
If you’re not a bonus chaser, you will be able to enjoy over a thousand of the best games by such well-respected creators as Microgaming, NetEnt, Amatic, Pragmatic Play, and Yggrasil.
Red Dog Casino
Red Dog is a relatively small casino with only a bit over 250 games, all of them from RTG. What’s so good about it? If you’re a big RTG fan or just don’t really care about having thousands of games on the platform, you can benefit from a 225% match-up bonus. Deposit in Bitcoin and enjoy the games!
Alternatives To Bitcoin For Funding Online Casino Accounts
Using a bank transfer is probably the polar opposite of using Bitcoin if there is one. This method involves dealing with your bank and going to see a clerk if your bank doesn’t have mobile banking options, leaving a paper trail, and paying hefty fees. Depending on the bank, you may pay up to $20 per transaction. With Bitcoin, you only pay around $2 for every transaction.
It’s also significantly slower than using Bitcoin, as it takes about three days for the transaction to go through. It’s a good option if a casino you play at only does bank wire withdrawals, but most New Zealand BTC casinos perform withdrawals in crypto, so there isn’t really a reason to use it.
Using a credit card like Visa or Mastercard to top up a casino account is probably the easiest way to do it. If you don’t want to learn anything about Bitcoin and just want to get down to gambling, using a credit card is probably one of the most straightforward ways of doing it.
The only downside, really, is that all the gambling transactions leave a trace. If you’re really big on anonymity, you will prefer to use Bitcoin.
Neosurf is a voucher that takes a middle route between the anonymity of BTC and the comfort of using a credit card. You buy this voucher at a vendor — they’re often sold in chain stores and gas stations — get the 16-digit code from the back of the voucher, and use it online like a prepaid credit card.
The only downside is that you’ll need to make a trip to a local vendor.
Paysafecard is Neosurf’s competitor that works on the same premise. It’s a bit more widespread so you can use it in more casinos. Other than that, it works the very same way. You buy a voucher, read the 16-digit code, and use it to make payments online.
If you need a way of making online payments that are anonymous to some degree and fully digital, an e-wallet like Skrill or Neteller is the way to go. You top it up with a credit card or a bank account. After that, you’re free to use it at vendors that accept it, and Skrill is one of the most widespread e-wallets among online casinos.
The only drawback is that you have to pay fees every time you top up the e-wallet, make payments, or withdraw funds to your bank account.